Shanghai Police Dismantle a Gang Selling Virtual Currency Accounts to Assist Overseas Fraud, 11 Arrested
According to Guangming Online, the Shanghai Pudong police recently dismantled a criminal gang that used "labor recruitment" as a cover to transfer funds for overseas fraud groups. The gang recruited individuals to register cryptocurrency wallets, providing illegal fund circulation accounts for fraudulent activities. On April 13, Mr. Tang received a "cash on delivery" text message and contacted the sender to cancel the delivery. The sender requested his bank card information and sent a link. After Mr. Tang clicked the link and entered his bank card number and verification code as instructed, he discovered that his bank account had been debited, resulting in a cumulative loss of over one million yuan, prompting him to report to the police. Upon receiving the report, the police quickly established a task force to investigate and identified the criminal gang led by Miao and Wang. From April 22 to 23, the police conducted a coordinated operation in Qingpu District, arresting 11 suspects involved in the case.
Investigation revealed that the gang sold the cryptocurrency accounts registered by the recruits to overseas fraudsters for 40 to 50 yuan each, which were used for money laundering. Currently, the main suspects, Miao and Wang, have been criminally detained, and several other suspects have been subjected to criminal coercive measures according to the law. The case is under further investigation, and the police have frozen and recovered part of the funds involved.
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